copper futures, page-38

IMO nothing wrong with coy or its balance sheet rather it’s a more a factor of:

- combining shareholder registers with each not really knowing the other sides proposition/value of the combined entity which has created huge uncertainty (i.e. no OH for OXR holders)
- mid-tier coy are always more volatile
- no corporate interest prevailing from major (yet)
- pipeline of growth strategies still an unknown
- talk of base metals peaking and expected down trend with US melt down
- plenty of OXR shareholders being highly leveraged (based on hot tips from their favourite broker all of whom were pushing a buy)

They are currently prices for doom and gloom. I'd suggest sentiment could change in near term as uncertainty reduces and reality of their asset + future earnings kicks in.